Back in December, Brazilian media had reported that Liverpool owners Fenway Sports Group were seeking to acquire the top tier club Cruzeiro.
Cruzeiro, one of Brazil's most storied teams, had been seeking outside investment in a bid to ease its financial issues exacerbated by the pandemic, with the club becoming the first Brazilian side to make the switch from a non-profit entity to a corporate one in a bid to restructure its finances, forming a ‘Sociedade Anônima’ (SA) to attract investors, something that had forbidden under the previous model.
That deal meant that 90 per cent of the shares of the controlling SA were available to sell. But it wasn't FSG who made the move, it was Brazil and Barcelona legend Ronaldo who would front a bid to take control of Cruzeiro.
